Montag A & Associates Inc. Invests $499,000 in C.H. Robinson Worldwide Inc (CHRW)

Montag A & Associates Inc. bought a new position in C.H. Robinson Worldwide Inc (NASDAQ:CHRW) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,100 shares of the transportation company’s stock, valued at approximately $499,000.

Other large investors have also recently bought and sold shares of the company. Fort L.P. bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $116,000. Piedmont Investment Advisors LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $132,000. Sit Investment Associates Inc. grew its stake in shares of C.H. Robinson Worldwide by 77.5% during the second quarter. Sit Investment Associates Inc. now owns 1,775 shares of the transportation company’s stock valued at $148,000 after buying an additional 775 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of C.H. Robinson Worldwide during the third quarter valued at approximately $197,000. Finally, Chicago Capital LLC bought a new position in shares of C.H. Robinson Worldwide during the second quarter valued at approximately $201,000. Institutional investors own 86.47% of the company’s stock.

Shares of NASDAQ:CHRW opened at $91.26 on Friday. C.H. Robinson Worldwide Inc has a 52-week low of $77.52 and a 52-week high of $101.20. The company has a market capitalization of $12.13 billion, a P/E ratio of 26.22, a PEG ratio of 2.14 and a beta of 0.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.86.



C.H. Robinson Worldwide (NASDAQ:CHRW) last announced its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.08. C.H. Robinson Worldwide had a return on equity of 41.22% and a net margin of 3.83%. The company had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. C.H. Robinson Worldwide’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts predict that C.H. Robinson Worldwide Inc will post 4.57 earnings per share for the current fiscal year.

A number of research firms have recently commented on CHRW. Citigroup cut their target price on C.H. Robinson Worldwide from $111.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Morgan Stanley set a $67.00 target price on C.H. Robinson Worldwide and gave the company a “sell” rating in a research note on Monday, October 22nd. Cleveland Research reaffirmed a “neutral” rating on shares of C.H. Robinson Worldwide in a research note on Friday, October 19th. Loop Capital began coverage on C.H. Robinson Worldwide in a research note on Wednesday, October 17th. They set a “buy” rating and a $107.00 target price on the stock. Finally, Zacks Investment Research raised C.H. Robinson Worldwide from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Monday, October 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. C.H. Robinson Worldwide currently has a consensus rating of “Hold” and an average price target of $97.53.

In other C.H. Robinson Worldwide news, insider Angela K. Freeman sold 1,589 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $96.71, for a total transaction of $153,672.19. Following the sale, the insider now owns 24,136 shares of the company’s stock, valued at approximately $2,334,192.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ben G. Campbell sold 4,000 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $100.00, for a total value of $400,000.00. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

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C.H. Robinson Worldwide Company Profile

C.H. Robinson Worldwide, Inc, a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through three segments: North American Surface Transportation, Global Forwarding, and Robinson Fresh. It offers transportation and logistics services, such as truckload; less than truckload transportation which include the shipment of single or multiple pallets of freight; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services.

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Institutional Ownership by Quarter for C.H. Robinson Worldwide (NASDAQ:CHRW)

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